Targeting Key Global Demand - Driven Commodities
Perth, May 9, 2017 AEST (ABN Newswire) - Pioneer Resources Ltd (
ASX:PIO) (PIONF:OTCMKTS) is pleased to provide the Company's latest Conference and Broker Presentation.
Company Strategy
- To hold a portfolio of projects in Australia and Canada (Tier 1 jurisdictions) which are prospective for key global demand-drive commodities
- Pioneer's current focus is to:
o Develop the Sinclair Zone Caesium Resource : Pioneer Dome
o Drill Lithium (Spodumene and Lepidolite) Targets: Pioneer Dome
o Drill Lithium (Spodumene) Targets: Mavis Lake, Raleigh, Canada
o Develop Cobalt strategy: Golden Ridge greater project area
o Progressively explore for Nickel Sulphides: Blair Mine
o Externally Fund Gold exploration: Acra (WA) Northern Star (ASX:NST)
Key Investment Highlights
- Portfolio of recognised high potential assets in tier 1 jurisdictions
- Core focus is to develop the globally significant and high value pollucite (Caesium) deposit
o Already the 3rd largest deposit in the world - expansion potential and additional targets
o First major pollucite discovery in the world in last 40 years
o Mine Permitting proceeding in a timely fashion
- Drilling underway at Pioneer Dome targeting caesium and lithium extensions
- Follow-up drilling planned for Mavis Lake (Ontario) expanding the new lithium (spodumene) intersections
- Blair Dome cobalt exploration strategy to be set over the next few months
o Examining options to create a dedicated cobalt company/project
- Drilling also under way to test for Nickel Sulphides at the Blair Dome
- Drilling anticipated at the Acra Gold Project, fully funded by Northern Star
- Pioneer is well positioned to continue exploration with A$3.4 million cash
- Experienced Board and Management to continue to work towards progressing the Company's projects and generating value for shareholders
To view the full presentation, please visit:
http://abnnewswire.net/lnk/LM68BOHL
About Pioneer Resources Ltd
Pioneer Resources Ltd (ASX:PIO) (OTCMKTS:PIONF) (FRA:PNL) is an active junior exploration company focused on the exploration for key global demand-driven commodities. This includes a portfolio of high quality lithium assets in Canada and Western Australia, and a portfolio of strategically located gold and other commodity projects in sought after mining regions in WA. The Company is focused on delivering shareholder value by actively strengthening its project portfolio, and targeted exploration programs to enable the discovery and commercialisation of high value mineral resources.
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